JX Luxventure Ltd

JX Luxventure Ltd. engages in the design, manufacture, distribution, and sale of casual menswear. It operates through the following segments: Distributor Network, Corporate Stores, and Original Equipment Manufacturer. The Distributor Network segment consists of direct or sub-distributors which are operated by KBS branded stores. The Corporate Stores focuses on the owning and operating corporate stores. The OEM segment comprises of products that are designed by customers but manufactured by the company. It offers men's apparel, accessories, and footwear. The company was founded by Anna Polemis on January 26, 2012 and is headquartered in Shishi, China.

Earnings data Q2 2020

JX Luxventure Ltd. engages in the design, manufacture, distribution, and sale of casual menswear. It operates through the following segments: Tourism Products, Technology, and Cross-Board Merchandise. The The company was founded by Anna Polemis on January 26, 2012 and is headquartered in Haikou, China.

JX Luxventure (NASDAQ: JXJT ) stock is rocketing higher on Thursday alongside heavy trading of the Chinese tourism services company's shares. This increased trading activity has more than 11.6 million shares of JXJT stock changing hands as of this writing.

Why Is JX Luxventure (JXJT) Stock Up 380% Today?

HAIKOU, China , Aug. 16, 2023 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company that engages in tourism with business segments covering tourism, tourism duty-free cross-border merchandise and tourism technology solutions, today announced financial results for the six months ended June 30, 2023.  Financial Highlights for the Six Months of 2023 Significant Profit Reversal: The Company recorded a net profit of $2,389,400, representing a significant improvement compared to the same period in 2022 when it reported a loss of $19,489,022.

JX Luxventure Limited Announces Financial Results for The Six Months Ended June 30, 2023: The Company Achieved profitability in 2023 with Net Profit increase of $21,878,422 and Earnings Per Share increase of $25.89 From 2022

HAIKOU, China , Aug. 15, 2023 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company that engages in tourism with business segments covering tourism, tourism duty-free cross-border merchandise and tourism technology solutions, announced today that on August 14, 2023, its subsidiary, Beijing Heyang International Travel Agency Co., Ltd. ("Heyang") signed a passenger transport sales agency agreement (the "Agreement") with Hainan Airlines ("Hainan Airlines or HNA"), pursuant to which Hainan Airlines appointed Heyang as the regional agent for ticket sales of domestic and international routes, including specially managed domestic regional routes.

JX Luxventure Announced its new Collaboration with Hainan Airlines for Air-Ticket Sales, to Promote through the Company's Channels and Official Accounts incorporating ChatGPT-type Technology

HAIKOU, China , July 19, 2023 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company that engages in tourism with business segments covering tourism, tourism duty-free cross-border merchandise and tourism technology solutions, today announced that on July 17, 2023, its subsidiary, Jinxuan Luxury Tourism (Hainan) Digital Technology Co., Ltd signed a USD1,000,000 Technology Development and Promotion Commission Contract with Tianjin Baixing Pharmaceutical Wholesale Co., Ltd. ("Tianjin Baixing") for developing medical ERP management platform, which will incorporate Chatgpt type technology.

JX Luxventure announces a new Artificial Intelligence initiative: USD1,000,000 Agreement with Tianjin Baixing Pharmaceutical Wholesale Co., Ltd. in connection with incorporating ChatGPT type technology for ERP platform

HAIKOU, China , May 24, 2023 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"),  a company that engages in tourism with business segments covering tourism, tourism duty-free cross-border merchandise and tourism technology solutions, announced that on May 23, 2023, the Company received the letter from the Nasdaq Hearing Panel stating that, as determined by the Nasdaq Listing Qualifications Department, the Company cured its deficiency related to the minimum bid requirement for continued listing on the Nasdaq Capital Market ("Nasdaq") and the hearing previously scheduled on May 25, 2023, before the Nasdaq Hearing Panel has been canceled. This letter also stated that the Company is in compliance with all applicable continued listing standards and that its stock will continue to be listed and traded on Nasdaq.

JX Luxventure Limited Cured Bid Deficiency and Continues Listing on Nasdaq; Scheduled Hearing Cancelled

HAIKOU, China , May 15, 2023 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company that engages in tourism with business segments covering tourism, tourism duty-free cross-border merchandise and tourism technology solutions, today announced that on May 12, 2023, it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the U.S. Securities and Exchange Commission (the "SEC"), which was amended today solely to include the Interactive Data File disclosure ("XBRL") required by the SEC (collectively, the "2022 Report"). The 2022 Report can be accessed on the SEC's website at http://www.sec.gov.

JX Luxventure Limited Reported a 35% Increase in Revenue Reaching $79.90 Million for the Fiscal Year Ended December 31, 2022

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HAIKOU, China , April 28, 2023 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise and technlology solutions, announced today that on April 25, 2023, it received a Staff Determination Letter (the "Determination Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, unless the Company requests an appeal of that determination to a Nasdaq Hearings Panel, the Staff determined that the Company's securities will be scheduled for delisting from the Nasdaq Capital Market and will be suspended at the opening of business on May 4, 2023 due to the Company's failure to regain compliance with a minimum bid price of $1.00 per share requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Requirement"). Earlier, on October 24, 2022, the Company received its first letter from Nasdaq (the "Notice"), notifying the Company that based upon the closing bid price of its common stock for the last 30 consecutive business days preceding the Notice, the Company was not in compliance with the Minimum Bid Requirement.

JX Luxventure Limited Receives Nasdaq Delisting Notice for Failing to Maintain a $1.00 Share Price and Requested and Granted a Hearing Scheduled for May 25, 2023.

HAIKOU CITY, CHINA / ACCESSWIRE / April 11, 2023 / JX Luxventure Limited (NASDAQ:JXJT) is a China-based company providing a suite of high-end goods and services to its customers, mostly HNWI. The company has seen rapid growth in its revenue - last quarter surpassed the total for all of 2022 - mostly due to its strategy of constantly pushing into rapidly expanding markets.

JX Luxventure Sees Huge Revenue Growth - Why?

HAIKOU CITY, CHINA / ACCESSWIRE / April 6, 2023 / JX Luxventure Limited (NASDAQ:JXJT) just made two big deals with a major airline, China Southern Air Cross-Border E-Commerce (Hainan) Co., Ltd. (China Southern Airline).

JX Luxventure Makes Major Deals To Position Itself In Multiple Growing Markets

HAIKOU, China , March 13, 2023 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise, e-commerce, and B2B SAAS solutions, today announced that on March 12, 2023, it has entered into a Memorandum of Understanding ("MOU") with China Southern Air Cross-Border E-Commerce (Hainan) Co., Ltd. ("China Southern Airline") in connection with JXJT using the distribution channels of China Southern Airline for selling imported pet foods.

JX Luxventure Forms Second Major Partnership with China Southern Airline in Less Than a Week for Pet Food Distribution in China

HAIKOU, China , March 9, 2023 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise, e-commerce, and B2B SAAS solutions, today announced that on March 7, 2023, it has entered into a Memorandum of Understanding ("MOU") with China Southern Air Cross-Border E-Commerce (Hainan) Co., Ltd. ("China Southern Airline") in connection with exporting pre-owned new energy vehicles.

JX Luxventure and China Southern Airline Team Up to Export Pre-Owned New Energy Vehicles

HAIKOU, China , Feb. 9, 2023 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise and B2B SAAS solutions, today announced its plans to incorporate ChatGPT-type of generative artificial intelligence technology into its AI-based SAAS solution. Ms. Sun "Ice" Lei, Chief Executive Officer of the Company said: "Our AI-based SAAS solution is developed under the leadership of Liu Ze, an expert in Artificial Intelligence, Internet of Things and Blockchain.

JX Luxventure plans to incorporate ChatGPT-type technology into its AI-based SAAS Solution

HAIKOU, China , Nov. 1, 2022 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise, eCommerce and B2B SAAS solutions, today announced that on October 24, 2022, the Company received the letter (the "Notification Letter") from Nasdaq Stock Market, LLC ("Nasdaq"), notifying the Company that it is not in compliance with the minimum bid price of $1.00 per share for thirty (30) consecutive days, as required by Nasdaq Rules for continued listing (the "Rules"). In accordance with the Rules, the Company has been provided 180 calendar days, or until April 24, 2023, to regain compliance with the Rules.

JX Luxventure Announces Receipt of NASDAQ Notification Letter Regarding Minimum Bid Price

HAIKOU, China , Oct. 19, 2022 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise, eCommerce and B2B SAAS solutions, announced that today, on October 19, 2022, the Company entered into and executed a stock purchase agreement (the "Agreement") with Shenzhen Zhongjiyingfeng Investment Co., Ltd. ("Purchaser") and, pursuant to the terms of the Agreement, consummated the sale of its 100% ownership in Hongri International Holding Limited ("Hongri"), a wholly-owned subsidiary of the Company through which the Company operated its menswear business segment, to the Purchaser for a total amount of US$10,000,000 (the "Transaction").

JX Luxventure Closes the Sale of Menswear Business for US$10,000,000

HAIKOU, China , Oct. 10, 2022 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise, eCommerce and B2B SAAS solutions, and menswear, today announced that it has signed a binding memorandum of understanding (the "MOU") with Shenzhen Zhongjiyingfeng Investment Co., Ltd. ("Purchaser"), pursuant to which the Purchaser will acquire from the Company 100% ownership in Hongri International Holding Limited ("Hongri"), a wholly-owned subsidiary of the Company through which the Company operates its menswear business segment, in consideration for US$10,000,000 (the "Sale and Purchase Transaction").

JX Luxventure Limited Signs the Binding Memorandum of Understanding to Sell Its Menswear Business

HAIKOU, China , Oct. 10, 2022 /PRNewswire/ -- JX Luxventure Limited (NASDAQ: JXJT) (the "Company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise, eCommerce and B2B SAAS solutions, and menswear, today announced that it changed its trading symbol from "LLL" to "JXJT" and that at the opening of the market today, the Company's common stock began trading on the Nasdaq Capital Market under the Company's new trading symbol, JXJT. About JX Luxventure Limited Headquartered in Haikou, China, JX Luxventure Limited is a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism.

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